Bloomberg Talks Blue Owl Capital Co-CEO Marc Lipschultz Talks Earnings
Oct 31, 2025
Marc Lipschultz, Co-CEO of Blue Owl Capital, shares insights on the firm’s recent earnings and its partnership with Meta for AI data centers. He explains the reasons behind a post-earnings stock drop despite strong growth. He also discusses the dynamics of private credit yields and the ongoing AI infrastructure investment. Interestingly, Marc notes that while AI boosts efficiency in portfolio companies, it hasn't led to massive layoffs. Finally, he addresses retail investor sentiment, highlighting a trend of increasing wealth inflows into private credit.
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Growth Masks Short-Term Share Math
- Blue Owl's quarter showed strong top-line growth despite share dilution from recent acquisitions.
- Marc Lipschultz says run-rate growth per share is accelerating once acquired businesses' full-year results are included.
Three Drivers Of Private Credit Returns
- Returns in private credit depend on credit quality, base rates, and spreads, not just one factor.
- Lipschultz says spreads are tighter but the premium over traditional markets has stayed near a couple hundred basis points historically.
AI Spending Creates Infrastructure Opportunity
- Hyperscale tech companies keep accelerating AI infrastructure spending, widening demand for partners.
- Blue Owl positions itself as a capital partner to build the safe backbone for that infrastructure opportunity.